tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

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Buyers also can take advantage of the Neighborhood Enterprise Zone tax abatement, which provides up to 15 years of property tax savings for new construction. Brendel Hightower, Detroit Free Press, 10 Oct. 2024 Property taxes are due Monday, but nearly $1.2 billion worth of property in Des Moines will be getting a break through the city's tax abatement program. Jason Clayworth, Axios, 30 Sep. 2024 Instead, a tax abatement will help make the project possible. Alex Greenberger, ARTnews.com, 3 Sep. 2019 Cincinnati City Council on Wednesday approved a 15-year tax abatement for the $175 million project, which appears back on track despite years of delays. Randy Tucker, The Enquirer, 12 Sep. 2024 In March, in response to public pushback, commissioners in Navarro County delayed a vote on a tax abatement worth $6 million over 10 years to Riot. Joel Khalili, WIRED, 11 Sep. 2024 Trump received a 40-year tax abatement to purchase and renovate the hotel, which was considered unprecedented. Conor Murray, Forbes, 3 Sep. 2024 Other cities looking to reform tax abatement programs are taking a different approach. Christine Wen, The Conversation, 15 Feb. 2024 In December, the Columbus City Council in Ohio expanded the tax abatement program beyond certain neighborhoods to include the entire city, granting developers a 100% tax break for 15 years. Tribune News Service, Orange County Register, 12 Feb. 2024

Dictionary Entries Near tax abatement

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 21 Nov. 2024.

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